Main Street Foundation, Dba Ibat Education Foundation in Austin, Texas (TX)
Table of contents:
| Main Street Foundation, Dba Ibat Education Foundation | |
| Employer Identification Number (EIN) | 742932297 |
| Name of Organization | Main Street Foundation |
| Secondary Name | Dba Ibat Education Foundation |
| In Care of Name | Karen Neeley |
| Address | 1700 Rio Grande St Ste 100, Austin, TX 78701-1683 |
| Subsection | Educational Organization |
| Ruling Date | 01/2000 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $917,732 |
| Amount of Income | $867,483 |
| Form 990 Revenue Amount | $863,458 |
| National Taxonomy of Exempt Entities (NTEE) | Public, Society Benefit - Multipurpose and Other: Management & Technical Assistance |
Non-representatives - add comments:
Amount of income in 2013: $867,483 (it was $852,960 in 2012)
| Main Street Foundation, Dba Ibat Education Foundation: | $867,483 |
| Other organizations performing similar types of work: | $867,483 |
Assets in 2013: $917,732 (it was $730,264 in 2012)
| This organization: | $917,732 |
| Other organizations performing similar types of work: | $950,720 |
Expenses in 2012: $881,600
| Main Street Foundation, Dba Ibat Education Foundation: | $881,600 |
| Other organizations performing similar types of work: | $881,600 |
Income to expenses ratio in 2012: 1.0
| Main Street Foundation, Dba Ibat Education Foundation: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 23.3%
| This organization: | 23.3% |
| Other organizations performing similar types of work: | 0.0% |
Revenue for 2012
Functional expenses for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | Yes |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $842,960 |
| Contributions, Gifts, Grants and Other Similar Amounts | $196,135 |
| Program Service Revenue | $615,919 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $4,758 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $488 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $25,660 |
| Gross income from gaming activities | $35,660 |
| Less: direct expenses | $10,000 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $881,600 |
| Compensation of current officers, directors, trustees, and key employees | $49,573 |
| Other salaries and wages | $186,051 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $645,976 |
| Balance Sheet (for 2012) | |
| Total assets | $730,264 |
| Total liabilities | $159,223 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $159,223 |
| Total net assets or fund balances | $571,041 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $3,684,098 |
| Gifts, grants, contributions, and membership fees received | $609,680 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $2,969,750 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $54,496 |
| Other | $50,172 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | City Of Hanford Public Improvement Corporation | 315 N Douty St, Hanford, CA 93230-3951 | CA | 1988-03 | $6,135,408 |
| 2 | Orange County Public Facilities Corporation | 10 Civic Center Plaza 3rd Flr, Santa Ana, CA 92701-4017 | CA | 1986-04 | $2,604,993 |
| 3 | Sbcci-Public Safety Testing & Evaluation Svc Inc | Birmingham, AL 35213 | AL | $1,166,633 | |
| 4 | Walnut Valley Building Corporation | 271 Brea Canyon Rd, Walnut, CA 91789-3049 | CA | 1988-05 | $573,246 |
| 5 | Pulaski County Jail Building Corporation | 7473 W Creekside Dr, New Palestine, IN 46163-9483 | IN | 1996-08 | $520,291 |
| 6 | Ohio Association Of Election, Officials | 1421 Hurd Ave, Findlay, OH 45840-2219 | OH | 1991-10 | $283,068 |
| 7 | City Of Rialto Nonprofit Public Building | 150 S Palm Ave, Rialto, CA 92376-6406 | CA | 1992-03 | $246,743 |
| 8 | Democratic-Farmer-Labor Party Building Fund Inc | 255 Plato Blvd E, Saint Paul, MN 55107-1623 | MN | $81,550 | |
| 9 | North County Center For Self- Sufficiency Corporation | 1210 Excelsior Ave, Oakland, CA 94610-2865 | CA | 2004-02 | $4,278 |
| 10 | The Center To Promote Healthcare Access Inc | 1333 Broadway, Oakland, CA 94612-1917 | CA | 2006-10 | $32,279,114 |
| 11 | Southwestern Pennsylvania Corporation | Two Chatham Center - Suite 500 112, Pittsburgh, PA 15219-3465 | PA | 2012-07 | $11,058,735 |
| 12 | El Paso Sports Commission | 4100 E Paisano Dr, El Paso, TX 79905-4324 | TX | 2004-02 | $2,786,971 |
| 13 | Greeninfo Network | 564 Market St Ste 510, San Francisco, CA 94104-5418 | CA | 1999-02 | $1,004,669 |
| 14 | Main Street Foundation, Dba Ibat Education Foundation | 1700 Rio Grande St Ste 100, Austin, TX 78701-1683 | TX | 2000-01 | $867,483 |
| 15 | Northern Michigan Public Service Academy | Po Box 87, Marquette, MI 49855 | MI | 2001-11 | $32,238 |
| 16 | California Department Of Corrections Education Association | PO BOX 835, Corcoran, CA 93212-0835 | CA | 2001-01 | $0 |
| 17 | National Association Of Governmental Labor Officials Inc | PO BOX 29609, Atlanta, GA 30359-0609 | GA | 2011-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||
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| Total | 17 | ||||||||||||||||||
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